OPEN-SOURCE SCRIPT
Updated Lot Size Calculator - GER30 Variable Contract size
Lot size calculator is built for ger30 (dax) it has variable contract size to meet all different brokers requirements
right click and move to pane above to add to chart window, in settings you can change line colour to opaque
right click and move to pane above to add to chart window, in settings you can change line colour to opaque
Release Notes
** Lot Size Calculator for GER30/DE40 - Enhanced Version**
**Description:**
A professional lot size calculator specifically designed for trading the German 40 Index (GER30/DE40). This indicator helps you calculate the optimal position size based on your account balance, risk percentage, and stop loss distance.
**Key Features:**
**Accurate Lot Size Calculation** - Calculates precise lot sizes with customizable decimal places (2-8 decimals)
**Multi-Currency Support** - Account currency options: USD, EUR, GBP with automatic conversion
**Custom Exchange Rates** - Option to input custom USD/EUR exchange rates for precise calculations
**Clean Visual Display** - Modern, customizable info panel with adjustable colors and position
**Flexible Settings** - Adjustable account balance, risk percentage, stop loss, and contract size
**Display Currency Toggle** - View risk amounts in USD, EUR, or GBP
**How It Works:**
The calculator uses the formula:
**Lot Size = (Risk Amount in EUR) / (Stop Loss Points × Contract Size × Point Value)**
For DE40, where 1 point = €1 per contract and typical contract size is 25, the calculator automatically converts your account currency to EUR for accurate position sizing.
**Settings:**
- **Account Balance**: Your trading account size
- **Account Currency**: USD, EUR, or GBP
- **Risk Percentage**: How much of your account to risk per trade (default: 2%)
- **Stop Loss**: Your stop loss distance in points
- **Contract Size**: Typically 25 for DE40 (€ per point)
- **Custom Exchange Rate**: Enable for manual USD/EUR rate input
**Perfect For:**
- Index traders focusing on German 40
- Risk management and position sizing
- Day traders and swing traders
- Anyone trading DE40/GER30 CFDs
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.